Strong pressures for convergence due to a shared history and culture, or the establishment of a trading block where there are deliberate attempts to harmonize trade policies, infrastructure, and regulations have contributed to the rise in which of the following trends? A) Regionalism

B) Globalization

C) Monopolies

D) Nationalism

E) Traditional Practices

Question

Business

Orion Arnold

13 December, 06:41

Strong pressures for convergence due to a shared history and culture, or the establishment of a trading block where there are deliberate attempts to harmonize trade policies, infrastructure, and regulations have contributed to the rise in which of the following trends? A) Regionalism

B) Globalization

C) Monopolies

D) Nationalism

E) Traditional Practices

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Answers (1)

Know the Answer?

Lane Oconnor · Answer 1

A) Regionalism

Explanation:

-Regionalism refers to the idea that countries that are close to each other have a similar identity and shared history that leads to the creation of regional institutions or trading blocks that generate integration between them.

-Globalization is the process in which people, governments and organizations around the world are more connected.

-Monopolies are created when an organization is the only one that can provide a product or service in a market.

-Nationalism is an idea in which people put their nation above all others.

-Traditional Practices refer to behaviors that are common to a specific group or culture.

According to this, strong pressures for convergence due to a shared history and culture, or the establishment of a trading block where there are deliberate attempts to harmonize trade policies, infrastructure, and regulations have contributed to the rise in regionalism.